$1,900,000
n/a
n/a
4753
Quadruplex, Residential Income
Rare opportunity to acquire an 8-unit multifamily in Progresso Village, just off Andrews Ave and Sunrise Blvd in Downtown Fort Lauderdale. The property offers eight 1-bed/1-bath units with modern interiors, impact doors, separate meters, and upgrades including new kitchens, stone counters, walk-in closets, vanities, light fixtures, and cabinets. Currently 7 units are leased with 1 recently renovated and vacant, generating $146,568 gross income with upside as rents renew. Sitting on a 10,000 SF lot zoned RMM-25 and in process of rezoning to NW RAC, the site offers potential to double the unit count. With rare seller financing at 5.5% interest-only, this investment delivers strong cash flow and long-term redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors.
This quadruplex home located at 842 NW 1st Ave, Fort Lauderdale FL 33311 is currently for sale and has been available on Brickellsold for 255 days. This property is listed at $2M. It has N/A beds, N/A bathrooms, and is 4753 square feet. It was built in 1973. 842 NW 1st Ave, Fort Lauderdale FL 33311 is in Fort Lauderdale county Broward County.
